Despite robust outcome at its top line, the consolidated net income of leading oil player Petron Corporation posted a slight downturn in the first half to P6 billion from last year’s P6.14 billion in the same period. On the company’s operating income, this logged more favorable result with 8.0...
Having posted record sales of roughly 9.0% in the first half and with cash stream from additional generated capacities, power utility giant Manila Electric Company (Meralco) has scaled up its profit goal to P43 billion for the entire year from its initial target of P40 billion. Meralco Chairman...
The upturn in sales had propelled 16 percent rise in the first quarter net income of leading player Petron Corporation to P3.93 billion from last year’s three-month outcome of P3.4 billion. Petron indicated that the profitability climb had been registered across operational chains of the...
Propelled by energy sales that have been escalating beyond 10% within the stretch of the sweltering El Niño weather condition, power utility giant Manila Electric Company (Meralco) is favorably looking to end the year with core income jump to P40 billion from P37.1 billion in 2023. The company’s...
The scale of profitability for Shell Pilipinas Corporation had slowed down to P2.1 billion in this year’s three quarters from a healthier bottom line of P4.4 billion in a comparative period in 2022. The company said its nine-month income had gone up compared to the first half turnout of...
Uptrend in sales had propelled 16% income escalation for leading oil firm Petron Corporation to P9.5 billion within this year’s January to September stretch versus a leaner bottom line outcome of P8.2 billion within a comparative period last year. The company emphasized that its “strong volume...
Kia Philippines achieved a record-breaking 34 percent increase in sales in 2022 as compared to 2021, outpacing the local automotive industry’s 26 percent growth and besting growth in other Kia units in the Asia Pacific region. Kia Philippines led by its President Manny Aligada announced the dual...
